Articles - Perfect Accounting

Reduction of Share Capital: Legal Process, Approva ...

Reducing share capital isn't just a board decision — it's a court-supervised process built around protecting creditors. Here's what the approval chain ...

Winding Up an LLP in India: Process, Timelines and ...

An LLP doesn't disappear just because partners stop operating it. Here's the actual process for closing one down — and why most rejected applications ...

New Income Tax Act 2025: What Changes for Business ...

The Income-tax Act, 1961 has been replaced. Most of the substance carries over, but the renumbering, simplified language, and a few structural changes ...

Transitioning to the Income Tax Act 2025: A Compli ...

Knowing the new Act exists is not the same as being ready for it. Here's the operational checklist companies should work through before the first fili ...

Angel Tax Abolition and Its Aftermath: Why Startup ...

Angel tax is gone, but the reasons startups needed good valuations never went away. If anything, removing the tax trigger means valuation now has to e ...

TCS on Foreign Remittances Under LRS: 2026 Rates, ...

Sending money abroad for education, travel, or investment now almost always means TCS gets deducted first. Here's how the rates actually apply, and ho ...

Vivad se Vishwas and Faceless Assessment: Managing ...

Faceless assessment removed the human face from tax scrutiny — and made written submissions the whole game. Vivad se Vishwas gives disputing taxpayers ...

Family Trusts and Succession Planning for HNIs in ...

A family trust is not a tax shelter — it's a governance and continuity tool that happens to carry specific tax consequences. Here's how HNI families s ...